Accounting
Bank reconciliation and a daybook that balance to the cent
Movements from Qonto and from bank statements enter the daybook and are matched to open invoices by amount, number, name and IBAN. Sure matches close on their own; probable ones you confirm. Underneath sits double-entry bookkeeping.
- Vetreria Alba Chiara srl+1,830.00Invoice number · Same amountSureTo collectCollectedVetreria Alba Chiara srl€1,830.00
- Cantiere Lucente srl+3,660.00Contact name · Same amountSureTo collectCollectedCantiere Lucente srl€3,660.00
- F24 debit−1,214.60F24 payment · Same amountSureTo payPaidF24 payment€1,214.60
- Ortensia Viaggi srl+1,586.00Sum of several invoicesMatchedProbableConfirmTo collectCollectedOrtensia Viaggi srl€976.00 + €610.00
A reconstruction of YVY's Reconciliation screen, with demo data.
From the bank movement to the double-entry posting
Every euro takes the same road: it comes in from the bank, is matched to its invoice and becomes an entry in the general journal. Whoever checks it sees the reason for each match.
- 1
Bank
- Qonto connected
- Statements from Italian banks
- Stripe and PayPal
Vetreria Alba Chiara srl+1,830.00 - 2
Daybook
- One movement per line
- Account and category
- Balance checked against the bank
Customer receipt1,830.00 - 3
Matching
- Invoice number · Amount
- Contact name · IBAN
- Sure or Probable
Invoice numberSame amountSure - +€1,830.004
General journal
- Double-entry
- Invoice closed
- Statements and VAT updated
Qonto bank accountDebit1,830.00Trade receivablesCredit1,830.00 Debit = Credit
Same day
A true snapshot of the company, at any moment.
Everything goes through one place, so everything is up to date the same day: the transfer arrives and the invoice shows as paid, hours come in and the project margin updates. You don't wait for month end, or for someone's spreadsheet.
- Collected today
- €2,745.00
- To collect
- €18,430.00
- Bank balance
- €46,210.00
- Projects in progress
- 14
- Hours logged today
- 37.5
- Margin this month
- 38%
Further reading
Daybook
The daybook is the record in which a company notes its money movements in date order: receipts, payments, withdrawals, deposits, on cash and on bank accounts.
Glossary
Double-entry bookkeeping
Double-entry bookkeeping is the accounting method in which every business transaction is posted to at least two accounts, one as a debit and one as a credit, for the same amount.
Glossary
SDI (Sistema di Interscambio)
The SDI, Sistema di Interscambio (Exchange System), is the IT system run by the Agenzia delle Entrate, the Italian Revenue Agency, that receives electronic invoices in the FatturaPA XML format, Italy's e-invoice standard, checks that they are correct and delivers them to the recipient, whether a public administration or a private party (FatturaPA).
Glossary
Business data migration: we import your history
We import and harmonize contacts, documents, accounts and files into YVY from almost any business system. A sample run first, then reconciliation to the cent.
Services